496

Since taking on the chief executive role at Investec Bank Australia two years ago, David Clarke has been shifting the revenue base of the business from interest to non-interest income. The most obvi.. read more

The House of Representatives Economics Committee announced this week that it will conduct an inquiry into the Government's planned changes to legislation covering credit cards. read more

National Australia Bank and GE Money are among a group of financial institutions participating in a bulk debt negotiation being run by Legal Aid and a group of financial counselling services. read more

Eftpos Payments Australia is on track to report 20 per cent growth in transactions this financial year, the company's managing director, Bruce Mansfield, said yesterday. read more

Virtual money used on social media and games sites may one day find wider currency, a senior figure in the Australian payment industry has suggested. read more

Non-bank lender Resimac has paid a higher price for funding with its latest issue of residential mortgage backed securities than it did when it issued previously last November. read more

Australian banks are losing their small business banking skills, one of the country's most senior business bankers said yesterday. read more

Moody's Investors Service has followed up its decision earlier this year to downgrade Arab Bank PLC with a downgrade of the bank's Australian subsidiary. Moody's announced yesterday that it had knoc.. read more

Commonwealth Bank yesterday reported what it described as a "modest uptick in home loan arrears". The news follows similar reports by ANZ and Westpac last week. read more

Experian Australia and New Zealand managing director Kim Jenkins dismissed suggestions that a joint venture Experian is leading, to form a new credit bureau service, would be anti-competitive. read more